IBD Market Wrap - 05/26/15
Stocks sold off sharply today on heavy volume. Strong economic data boosted the possibility of a near term rate hike. The Nasdaq lost 56 points. The S & P came down near the 50 day line. And the Dow also dropped down to the 50 day moving average. Carmax aims to make buying used cars easier and more fun. A typical store carries 300-400 vehicles and turns over its inventory 8-10 times a year on average. Their online website allows customers to search by make, vehicle type, model and price, features and miles per gallon. AbbVie is a pharmaceutical leader with 25,000 employees committed to addressing the world's health challenges. Their therapeutic areas of interest include anti-viral, immunology, men's health, pain, oncology, women's health and neuroscience. Apple's iPhone camera is packed with new technologies to take great photos. Video capabilities include slo-motion and time lapse features.
